This property looks like a bad Mid-Term investment with a projected -13.85% first-year return on $199k initial cash invested.
-13.85%
Cash On Cash
3.6%
Cap Rate
0.55
DSCR
$5,343
Rent
-$2,300
Cashflow
Cash Flow
$5,343 income − $7,643 expenses = $2,300 out of pocket
Investment Breakdown
|
Purchase Price
$864k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$173k
Closing costs
1%
$8,635
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,343
Total Expenses
$7,643
Mortgage P&I
88%
$4,680
Property Taxes
16%
$843
Home Insurance
6%
$303
HOA
0%
$0
Property Management
12%
$641
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588